Overview

About Revenue Events

A revenue event is a record or audit trail about a change to a revenue schedule. When you manually distribute revenue schedule, if no change is made to the revenue schedule, no revenue events will not be created. Note that you can create a maximum of 1000 Revenue Events for a single Revenue Schedule.

The following is an example of revenue events associated with a revenue schedule:

Supported Revenue Event Types

The following Zuora-defined revenue event types are supported:

accounting period(s) created

invoice canceled

invoice posted

invoice item adjustment created

invoice item adjustment canceled

revenue distributed

credit memo posted (only available if you enable the Invoice Settlement feature)

debit memo posted (only available if you enable the Invoice Settlement feature)

credit memo cancelled (only available if you enable the Invoice Settlement feature)

debit memo cancelled (only available if you enable the Invoice Settlement feature)

If both the Invoice Settlement and Revenue features were enabled on your tenant prior to Zuora Release 230 (R230), August 2018, Zuora will create the credit memo cancelled or debit memo cancelled event type automatically when you cancel a posted credit memo or debit memo.

Create a Revenue Event Type

A revenue event type is a label for an action associated with a revenue schedule, such as revenue distribution or invoice cancelation. You can create your own revenue event type or change the label of an existing one. A maximum of 500 revenue events is allowed.

Revenue event types are either Zuora-defined or user-defined:

Zuora-defined: This type is always active and cannot be disabled.

User-defined: This type can be active or not.

Navigation: Click your username at the top right and navigate to Finance Settings > Configure Revenue Event Types.

A revenue event type consists of:

Label: Required.A unique name for the revenue event type.

Limit: 50 characters

System ID: Required. A unique ID for an event that is used to trigger the revenue event.

Limit: 50 characters

Cannot end with __z (double underscore), a reserve Zuora system ID suffix.

Active: A check mark indicates that the event type is active and is available for use.

For User-defined revenue event types, you can edit the Label and the System ID if the revenue event type is currently not used by a revenue event. After the revenue event type is used by revenue event, you can only edit the Label.